Las Vegas, NM metro area Housing Market
Cold MarketComprehensive housing market data for the Las Vegas, NM metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.
Data period: March 2026
Median Sale Price
$323K
↓ 8.9% YoY
Days on Market
76 days
↑ 16.9% YoY
Active Inventory
52
↓ 1.9% YoY
Homes Sold
11
↓ 15.4% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Las Vegas, NM metro area Market Summary
The Las Vegas, NM metro area housing market is cooling down. As of March 2026, the median home sale price is $323K, down 8.9% year-over-year. Homes are spending a median of 76 days on the market, 16.9% longer than a year ago.
There are 52 homes for sale — 1.9% fewer than last year. With 4.7 months of supply, this is a balanced market. 18 new listings were added during this period, down 18.2% year-over-year.
Homes are selling for 96.9% of their list price on average, suggesting room for negotiation. 0.0% of homes sell above their asking price. 21.1% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
81
Contributing Factors
How This Market Compares
vs. National Median
vs. New Mexico Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals. Prices are 26% below the national median, which could indicate stronger cash flow potential.
Las Vegas, NM metro area Market Trends
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Detailed Market Metrics
Median List Price
$405K
Price per Sq Ft
$169
Sale-to-List Ratio
96.9%
Months of Supply
4.7
Sold Above List
0.0%
Price Drops
21.1%
New Listings
18
↓ 18.2% YoY
Pending Sales
14
Off Market in 2 Weeks
35.7%
Other Markets in New Mexico
Las Cruces, NM metro area
$336K · 80d on market
Santa Fe, NM metro area
$605K · 88d on market
Alamogordo, NM metro area
$265K · 81d on market
Farmington, NM metro area
$355K · 40d on market
Clovis, NM metro area
$215K · 77d on market
Hobbs, NM metro area
$265K · 15d on market
Carlsbad, NM metro area
$344K · 32d on market
Roswell, NM metro area
$247K · 31d on market
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.